What would happen if you could sit down with your younger physician self and share everything you've learned about money, family, success, and life? In this episode, James Nutter sits down with Dr. Tim Regan, Chief Medical Officer of Lakeland Regional Health, for a candid conversation about the financial mistakes, lessons, and decisions that shaped his career and family over the last three decades. Dr. Regan doesn't hold back. From graduating with nearly $400,000 in student loan debt to leasing a brand-new Cadillac Escalade with his first attending paycheck, Tim shares the decisions he wishes he could take back—and the lessons that continue to guide him today. But this conversation goes far beyond investing. As a physician leader, husband, father of three, and healthcare executive, Tim reflects on the realities of delayed gratification, lifestyle inflation, raising financially responsible children, choosing the right life partner, and learning that success isn't measured by what you drive or what appears on social media. One of the most powerful moments in the conversation comes when Tim discusses the weight physicians often carry alone. For most of his career, Tim served as the de facto "Family CFO," managing the financial decisions, planning, and responsibility for his family. While he did an exceptional job navigating a demanding medical career, raising a family, and building financial success, there eventually came a point when the complexity—and the weight of being solely responsible for every major financial decision—became too great to carry alone. Today, Tim and his wife Tanya are entering their second year working with IM Wealth and James Nutter, having made the intentional decision to shift from managing everything themselves to partnering with a team that could help provide clarity, coordination, and confidence as life became increasingly complex. Whether you're a resident just beginning your journey, an attending physician experiencing your first significant paycheck, or a seasoned physician navigating new challenges, this episode offers timeless wisdom from someone who has lived every stage of the path. In This Episode What Dr. Regan would tell his 30-year-old physician self The expensive lesson behind his first attending paycheck Why lifestyle inflation is one of the biggest threats to physician wealth Growing up in a family where money conversations were difficult The financial opportunities many physicians miss early in their careers Why teaching children about money matters more than most parents realize The role spouses and partners play in long-term financial success How social comparison silently drives poor financial decisions Why experiences often create more happiness than possessions The hidden burden of being the "Family CFO" Knowing when to seek guidance, even when you're capable of doing it yourself What financial success really means after decades in medicine Key Takeaway The goal isn't to manage every financial decision perfectly. The goal is to build a life where your money supports what matters most. As Dr. Regan shares throughout this conversation, true financial confidence doesn't come from having all the answers—it comes from creating the right systems, surrounding yourself with the right people, and making decisions that align with your values, your family, and the life you want to live. About Dr. Tim Regan Dr. Tim Regan is the Chief Medical Officer of Lakeland Regional Health, one of Florida's largest and most respected healthcare systems. Throughout his career, he has served as a physician, healthcare executive, husband, father, mentor, and leader dedicated to improving the lives of patients, physicians, and families alike. His journey—from substantial student debt to healthcare leadership—offers a powerful perspective on money, success, family, and what truly matters over the course of a life well lived. Resources & Next Steps: Download the PSLF Hacks Checklist Book a free financial wellness session with James Get access to exclusive physician financial tools at www.imwealth.com 1% of IM Wealth’s revenue is dedicated to providing scholarship funds to medical students. Learn more about the Meaningful Journeys Scholarship and how you can join the fight here. Learn more about the impact IM Wealth is making in the lives of physicians here. Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here. About the Show: This isn’t just another finance podcast—it’s a movement. We’re challenging the status quo, cutting through the noise, and giving physicians real strategies to take control of their money and their future. Because true wealth isn’t just about numbers—it’s about freedom. Find and follow the show on YouTube. About James Nutter: James Nutter is on a mission to help physicians reclaim their financial power. With a deep understanding of the unique challenges doctors face, he provides real-world strategies that cut through the noise and lead to lasting financial freedom. Follow James on Instagram. A Physician’s Guide to Wealth Podcast — Brought to you by IM Wealth: Helping physicians take control of their money so they can live a purposeful life. For more resources, visit IMWealth.com. Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
